Deckers Outdoor (NYSE:DECK) Posts Earnings Results, Beats Expectations By $0.83 EPS

Deckers Outdoor (NYSE:DECK) issued its quarterly earnings data on Thursday. The textile maker reported ($0.28) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.11) by $0.83, MarketWatch Earnings reports. Deckers Outdoor had a net margin of 13.44% and a return on equity of 27.12%. The business had revenue of $283.17 million during the quarter, compared to analyst estimates of $264.52 million.

Shares of DECK stock traded down $4.90 on Friday, hitting $209.25. The stock had a trading volume of 593,111 shares, compared to its average volume of 330,243. The company has a quick ratio of 2.93, a current ratio of 3.97 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $197.97 and a 200 day moving average price of $170.89. The company has a market cap of $5.86 billion, a PE ratio of 20.64, a P/E/G ratio of 1.53 and a beta of 0.99. Deckers Outdoor has a one year low of $78.70 and a one year high of $220.36.

Several research analysts recently issued reports on DECK shares. Cowen started coverage on shares of Deckers Outdoor in a research note on Wednesday, June 3rd. They issued an “outperform” rating and a $220.00 price target for the company. UBS Group initiated coverage on shares of Deckers Outdoor in a research report on Wednesday, July 22nd. They set a “buy” rating and a $250.00 price objective on the stock. BTIG Research increased their price objective on shares of Deckers Outdoor from $208.00 to $244.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Wells Fargo & Co increased their price objective on shares of Deckers Outdoor from $180.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Finally, Telsey Advisory Group cut their price objective on shares of Deckers Outdoor from $205.00 to $168.00 and set an “outperform” rating on the stock in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $210.13.

In other Deckers Outdoor news, COO David E. Lafitte sold 500 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $194.24, for a total value of $97,120.00. Following the completion of the transaction, the chief operating officer now directly owns 29,578 shares in the company, valued at $5,745,230.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Caroti Stefano sold 12,368 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $215.00, for a total transaction of $2,659,120.00. Following the completion of the transaction, the insider now owns 43,072 shares of the company’s stock, valued at $9,260,480. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock valued at $4,766,505 over the last 90 days. 0.90% of the stock is currently owned by corporate insiders.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high performance activities. It offers premium footwear, apparel, and accessories under the UGG brand name; sandals, shoes, and boots under the Teva brand name; and footwear under the Sanuk brand name.

See Also: Commodities

Earnings History for Deckers Outdoor (NYSE:DECK)

Receive News & Ratings for Deckers Outdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deckers Outdoor and related companies with MarketBeat.com's FREE daily email newsletter.